BET Founder, Weinstein Co. Form Urban Film Venture

Robert Johnson, founder of Black Entertainment Television (BET) and owner of the NBA's Charlotte Bobcats, has created with The Weinstein Co. (TWC) Our Stories Films, an urban film company specializing in family fare.

Backed by $175 million in funding from JP Morgan Chase, TWC would theatrically distribute Our Stories' fare and on DVD by Genius Products.